Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income / (Loss) (Unaudited)

v3.22.4
Condensed Consolidated Statements of Operations and Comprehensive Income / (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]        
Net revenue [1] $ 162,310 $ 216,818 $ 525,802 $ 563,461
Costs of revenue and operating expenses        
License fees and revenue share [1] 73,370 109,053 237,618 284,369
Other direct costs of revenue [1] 9,324 9,090 27,438 21,385
Product development [1] 14,218 13,755 43,087 40,594
Sales and marketing [1] 16,469 15,857 48,017 47,072
General and administrative [1] 39,132 39,924 114,328 105,225
Total costs of revenue and operating expenses [1] 152,513 187,679 470,488 498,645
Income from operations [1] 9,797 29,139 55,314 64,816
Interest and other income / (expense), net        
Change in fair value of contingent consideration [1] 0 (18,200) 0 (40,287)
Interest expense, net [1] (6,913) (2,195) (16,224) (5,307)
Foreign exchange transaction gain / (loss) [1] 17 2,122 (595) 1,603
Other income / (expense), net [1] 8 (86) 392 (598)
Total interest and other income / (expense), net [1] (6,888) (18,359) (16,427) (44,589)
Income before income taxes [1] 2,909 10,780 38,887 20,227
Income tax provision / (benefit) [1] (1,153) 3,718 8,164 4,799
Net income 4,062 [2] 7,062 [1] 30,723 [1] 15,428 [1]
Less: net income / (loss) attributable to non-controlling interest [1] 43 48 118 (18)
Net income attributable to Digital Turbine, Inc. [1] 4,019 7,014 30,605 15,446
Other comprehensive loss        
Foreign currency translation adjustment 10,144 [2] (8,389) [2] (4,644) [1] (45,062) [1]
Comprehensive income / (loss) [1] 14,206 (1,327) 26,079 (29,634)
Less: comprehensive income / (loss) attributable to non-controlling interest [1] 59 (11) 334 (932)
Comprehensive income / (loss) attributable to Digital Turbine, Inc. [1] $ 14,147 $ (1,316) $ 25,745 $ (28,702)
Net income per common share, basic (in dollars per share) [1] $ 0.04 $ 0.07 $ 0.31 $ 0.16
Net income per common share, diluted (in dollars per share) [1] $ 0.04 $ 0.07 $ 0.30 $ 0.15
Weighted-average common shares outstanding        
Basic (in shares) [1] 99,108 96,548 98,623 94,620
Diluted (in shares) [1] 103,348 103,287 103,674 101,346
[1] In the fiscal quarter ended June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3, “Acquisitions,” in the accompanying condensed consolidated financial statements.
[2] In the fiscal quarter ended June 30, 2021, the Company initiated two significant acquisitions. Please refer to Note 3, “Acquisitions,” in the accompanying condensed consolidated financial statements.